Chicago
City Council Okays $1.6B in TIF for Mega-Projects
Chicago’s City Council has approved a total of $1.6 billion in tax-increment financing (TIF) for Sterling Bay’s Lincoln Yards and… Read more
Newmark Expands in Midwest with MLG Commercial Acquisition
Newmark Group, which operates the NKF platform globally, has closed on the acquisition of MLG Commercial LLC, a Milwaukee-based commercial real… Read more
Danley’s Leases Office at Clear Height’s Elk Grove Property
Custom garage builder Danley’s has leased 4,556 square feet of office space at Clear Height Properties’ 1400 S. Elmhurst Rd.… Read more
SMS Assist Adds Chief Product Officer
SMS Assist has hired longtime technology executive Kevin McDunn as chief product officer. McDunn (pictured) will lead all aspects of the tech platform’s… Read more
River City Condo Deconversion Begins Leasing
Leasing has begun for newly-renovated units at River City Apartments, a condominium deconversion in the South Loop that’s reportedly the… Read more
Neil Murray Takes Over as JLL Global CEO, Corporate Solutions
JLL named Neil Murray Global CEO, Corporate Solutions, a shift that follows the departure of John Forrest, who is leaving… Read more
Fairlife Expanding, Building $200M+ Production Facility in Goodyear, AZ
A new 300,000-square-foot production and distribution facility is being built by fairlife, LLC in Goodyear, AZ. The more than $200-million… Read more
Colliers Adds VP of Chicago Corporate Solutions
Colliers International | Chicago announced Marc Brash has joined the company as VP, Chicago corporate solutions. Brash (pictured) will be… Read more
Industrial Vacancies Drop, While Asking Rents Hit New High
The Chicago region’s industrial vacancy rate declined 60 basis points to 7.1% in the first quarter, says NKF. Limited new deliveries,… Read more
KPMG Opens Newest and Largest Ignition Center
KPMG has opened the KPMG Ignition Center – Chicago on the 68h floor of the Aon Center. It’s the largest… Read more
Melrose Park’s Westlake Hospital Gets Reprieve on Closure
Westlake Hospital in Melrose Park, IL must remain open until a state board can review owner Pipeline Health’s application to… Read more
Ares Takes Majority Stake in Aqua Apartments
An affiliate of Los Angeles-based Ares Management has acquired a majority stake in the Aqua Tower apartments, Crain’s Chicago Business… Read more
Muinzer Adds to Purdue-Area Student Housing Portfolio
Muinzer and South Street Capital have acquired a 528-bed student housing portfolio next to Purdue University in West Lafayette, IN for $33.5 million.… Read more
REI Opens Second Riverfront Store in Chicago
Mayor Rahm Emanuel and REI Co-op recently opened a new two-story store on the banks of Chicago River’s North Branch.… Read more
Missner Group Inks One New Lease, Two Renewals
The Missner Group has inked one new lease and two lease renewals, spanning the firm’s Touhy Industrial Plaza in Des… Read more
National Equity Fund Names New President and CEO
Low-income housing tax credit syndicator National Equity Fund (NEF) has named Matthew Reilein as president and CEO, effective June 1. Reilein will… Read more
Duke Inks Deal with Automotive, Chemical Company in IL
Duke Realty Corporation signed a lease with Old World Industries to occupy all of Crossroads Parkway 605, a 354,400-square-foot building… Read more
Addison & Clark’s Apartments Earn LEED Silver Plaudit
Even as the mixed-use Addison & Clark development in Lakeview continues to grow its roster of retailers as well as… Read more
CBD Drives Chicago Office Growth in Q1
Downtown drove growth in the Chicago region’s office market during the first quarter, according to Cushman & Wakefield. This was… Read more